2024-05-01 08:58:59
Reasonable fatigue presented today (4/30) the Athens Stock Exchangeresulting in the sellers to regain the reins and drive the market marginally below the psychological level limit of 1,450 units.
Nevertheless, the General Index remained a… “breath” from highest level in the last 13 years, as robust corporate resultscombined with the successive ones business dealsthey limited the mood for assimilation of the acquired.
At the same time, Athens Avenue said goodbye to him April with total profits of 2%succeeding him third positive month since the beginning of the year and “raising” to +12.5% the cumulative change of 2024.
In more detail, during today’s -last for April- meeting, the General Index recorded a controlled down 0.48% and formed on 1,448.48 unitslosing seven points from Monday’s close (1,455.48 points).
The arc of daily fluctuations was set at 11 points (from 1,448.09 to 1,459.25 points), with transaction turnover to range at 196 million eurosof which 47 million euros concerned pre-agreed packages.
On the board, now, her stock Piraeus received the strongest pressures (about 3.5%), as – despite the encouraging profitability in the first quarter – the management discounted a cost of 80 million euros from the normalization of interest rates. National, Alpha and OPAP followed with losses of up to 1.7%. From the other side, Helleniq Energy and Aegean they “jumped” to +2%.
It should be noted that, early in the morning, the packages for 15% Austriacard, with a total value of 32 million euros (6 euros/share). The allocation of the relevant percentage was made by the main shareholder, Nico Lykosin the context of the effort to strengthen equity dispersion.
Stock market: 15% of Austriacard changed hands – EUR 32 million packages passed
Correction in banks
The banking index continued its assimilation of 8-year highs for the second consecutive day, ending at -1.50% and 1,237 units.
Her stock Piraeus its share “plunged” to -3.30% and 3.775 euros Alpha Bank slipped to -1.70% and 1.5925 euros, its share National Bank decreased to -1.43% and 7.56 euros, while its share Eurobank remained unchanged at 2.01 euros.
The picture on the dashboard
In the high-cap index (-0.61% and 3,512 points), the share of Quest lost 2.2% and folded to 5.8 euros. Its share also showed losses of 1.5% OPAPwhile OTE and ELVALHALCOR contracted by 0.9%. On the contrary, its share Helleniq Energy strengthened to +2.3% and 8.4 euros, with its share Aegean to fall to +1.9% and 12.6 euros, thanks to the proposal for this year’s dividend. H Cenergyfor its part, climbed to a new historic high (7.9 euros), while its share Coca Cola consolidated above 30 euros, with an increase of approximately +1%.
Regarding the mid-cap index (-0.11% and 2,371 points), the stock of Intracom stood out negatively at -1.8% and 3.6 euros, correcting from yesterday’s rally (+5%). Instead, its stock Profile increased dynamically by about 2%, while its stock Intrakat increased by 1.1%. Special mention must be made of her stock Q&R, which fell by almost 7%, in view of the share capital increase of up to 30.1 million euros.
Overall on the stock market, 46 stocks advanced, 54 stocks declined, while 27 stocks remained unchanged. THE capitalization of the market ranged at 100.0 billion euros.
The highest turnover
- Austriacard -0.30% EUR 33.1 million
- National -1.43% 29.5 million euros
- Eurobank 0% 27.5 million euros
- Piraeus -3.30% 26.2 million euros
- OPAP -1.51% 8.8 million euros
The biggest rise
- Revoil +5.59% 67,737 euros
- CPI +4.46% 47,824 euros
- ILYDA +3.59% 52,770 euros
- Construction of Crete +3.35% 145,837 euros
- Mathios +3.32% 581 euros
The sharpest fall
- Q&R -6.81% €1.6 million
- SIDMA -5.00% 18.2089 euros
- Attica Group -3.89% 163,649 euros
- Elastron -3.67% 42,750 euros
- Euroconsultants -3.62% 104,831 euros
On the Stock Exchange Board: The new records at Cenergy, the “no dividend” at Domiki and the double… fund at Intracom
April is positive
“Curtain” to April dropped the Athens Stock Exchange today, which he said goodbye to another positive month, after January and February. The change in the General Index in the 30-day period, in particular, reached highly satisfactory +2%.
With the market, therefore, to figure in highest levels of the last 13 years and to be maintained at area of 1,450 units for the 5th consecutive sessionthe bet is the assimilation of the new “peaks”.
Let’s not forget, moreover, that Athens Avenue “runs” one rally of over 12.5% through 2024 and over 33.5% within 12 months, while the total capitalization of the market exceeds the milestone of 100 billion eurosfor the first time since 2009.
All this, combined with upcoming Easter holidays and the relatively subdued climate of Holy Week, justifiably lead to “dilution” of the acquired. However, this in no way negates the big “picture” of the General Index, which continues to be considered favorable, with the next target for investors set in 1,500 – 1,550 units.
The focus is on corporate sizes
Today, in the meantime, the publication period of the corporate results of 2023, with the investment community declaring itself completely satisfied with the annual profitability of the listed companies, which reached record levels in 2022.
At the same time, the largest listed companies gradually announce their financial figures for the first quarter. In the morning, for example, the administrations of Piraeus Street and Coca – Cola HBC announced the first encouraging signs for her profitability of 2024while tomorrow – despite the fact that the market will be closed due to May Day – the announcements of National Bank.
And all this, while the scenarios and rumors about possible business deals (acquisitions, placements, etc.) still occupy a large part of the daily news, which keeps the market alert and, of course, supports the valuations on the board.
Eurostat disappointed
Abroad, now, investors’ attention is turning to its two-day session Federal Reservewhich at 21.00 on Wednesday (Greece time) will announce the decisions of the monetary committee.
Barring a shocking contingency, US interest rates will remain at their high levels 5,25% – 5,50%as progress in curbing inflation is not considered satisfactory (3.4% in the first quarter of 2024).
Of course, the greatest interest focuses on the press conference of the head of the Fed, Jerome Powellfrom whom the market is waiting for some signals about his future intentions, and in particular with what he will do at the June meeting.
At the same time, her details Eurostat showed that the European inflation April’s was unchanged at 2.4%, with the structural index set at 2.7% – to the disappointment of investors, who had expected a slight improvement.
In this light, the pan-European Stoxx 600 falling to -0.45% and 506 points, despite the fact that the British FTSE 100 remains in positive territory (+0.35%), heading for another all-time high.
On the other side of the Atlantic, disappointing corporate results are “throwing down” the industrial sector Dow Jones by 170 units, with the losses for S&P 500 to follow at -0.20%.
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(The above is a product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)